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TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

G20 health, finance ministers agree to launch US$1.4bn pandemic fund

The G20 health ministers have agreed to establish a pandemic fund.
  • The fund will be commonly used to fix the health system and close the budget gap for the following five years.
  • Up to 20 donor countries and three philanthropists have expressed willingness to contribute to the effort to raise "pandemic fund" totaling US$1.4 billion.

MoIAT, Burjeel Holdings sign MoU on healthcare facilities

ABU DHABI, UAE -UAE's Ministry of Industry and Advanced Technology (MoIAT) has signed a Memorandum of Understanding (MoU) with Burjeel...
  • The MoU is in line with MoIAT's keenness to provide support and specialized healthcare for its employees and their families.
  • Burjeel Holdings will offer the ministry employees and their families special discounts on medical services that are not covered by insurance.

UAE removes most Covid restrictions and eases mask rules

Dubai, UAE—The United Arab Emirates has dropped almost all Covid restrictions as the rate of infection considerably drops in the...
  • Wearing masks in the UAE will now be optional in all open and closed facilities, including places of worship and mosques
  • Organizers of sports activities also have the option to require PCR tests or vaccination certificates as requisite to participate or attend their events

Amanat Holdings buys 60% stake in HDC for US$58m

HDC provides special education and care services in S Arabia.
  • HDC has a presence across six provinces of Saudi Arabia and caters to over 3,000 beneficiaries.
  • It has a network of nine schools, 22 daycare centers and specialized rehabilitation medical clinics.

Video games not as harmful for children as feared

Parents often worry about the harmful impacts of video games on their children, but a large new US study indicates...
  • For the new research, Chaarani and colleagues analyzed data from the large and ongoing Adolescent Brain Cognitive Development (ABCD) Study
  • Future studies could also benefit from knowing what genres of games the children were playing -- though at age 10 children tend to favor action games

UAE Minister highlights youth’s role in sustainable food systems

DUBAI, UAE - UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the World Food...
  • The Minister held meetings with several high-level FAO officials on the UAE’s contribution in tackling global food and nutrition insecurity.
  • The event drew governments, youth champions, global influencers and non-profit organizations to support youth-led transformation of agrifood systems.

GCC unveils Center for Disease Prevention and Control

Riyadh, Saudi Arabia—The GCC has unveiled the Gulf Center for Disease Prevention and Control in Riyadh to enable the prevention...
  • The GCC health ministers and GCC Secretary-General Dr. Nayef Al-Hajraf were present at the event
  • The ministers discussed various issues of common interest and took several decisions, including the implementation of decisions and directives of the Supreme Council

Dubai to host 3 healthcare events next week

The United Arab Emirates is set to host three healthcare events next week in Dubai where over 4,000 healthcare professionals...
  • Over 4,000 healthcare professionals and participants are expected to attend.
  • Around 140 expert speakers will deliver 110 scientific sessions and over 40 participating countries will also be present.

Robotic suit gives paralyzed children gift of walking

The mechanical joints of the battery-powered titanium suit adapt intelligently to the motion of each child, according to the European Patent...
  • The suit helps to achieve in record time rehabilitation goals that would take months to achieve with conventional therapies
  • The benefits include muscle strengthening, improvement of the digestive and respiratory systems and a major mood boost

Hybrid healthcare puts patient at the center

Beside facilitating the delivery of quality treatment, telehealth has altered the competitive landscape of private healthcare, allowing providers to offer...
  • A vast majority of healthcare institutions has adopted new telehealth solutions while others expanded their existing programs to ensure patient care continuity
  • In the UAE, the telehealth market is predicted to reach over US$535.5 million by 2025, expanding at a CAGR of 25 percent from 2020 to 2025

Newborn mortality and malnutrition surges in Gaza, says WHO

"From different doctors, particularly in the maternity hospitals, they're reporting that they're seeing a big rise in children born with...

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Markets fall as Biden set for Middle East diplomacy drive

US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip...

WHO transports Gaza aid to Egypt, waits for humanitarian access

Geneva, Switzerland - The World Health Organization said on Saturday enough basic health supplies to serve 300,000 people in the Gaza...

SFD to provide US$20m loan to Central African Republic for development projects

MARRAKESH, MOROCCO - The CEO of the Saudi Fund for Development (SFD), Sultan bin Abdulrahman Al-Marshad, signed an additional US$20...

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EU wants to renew herbicide glyphosate for next 10 years

BRUSSELS, BELGIUM - The European Commission is proposing to renew the use of the controversial and widely used herbicide glyphosate in...
  • Current authorization expired in December 2022 but was extended by a year pending a scientific study of the herbicide.
  • Environmental activists said there was scientific evidence that glyphosate may cause cancer, poison aquatic life.

UN agencies warn of disease threat in Libya’s Derna city

UN agencies warned that Libya's flood-stricken city of Derna, where thousands were killed a week ago, faces the threat of...
  • The massive flash flood that killed over 3,000 people and left thousands more missing came as Libya was lashed by the hurricane-strength Storm Daniel.
  • “Teams from nine UN agencies have been on the ground delivering aid and support,” said the UN Support Mission in Libya.

EIH buys stake in Al Ain Pharmacy

Move aligns with EIH's aim to diversify sources of investment.
  • The acquisition is vital for EIH as it seeks to strengthen its investment in healthcare through its subsidiary Health Plus Holding.
  • The move will help provide additional and sustainable value to investors and achieve the maximum return on investment.